Abhimanyu Uppal
Licensed Mortgage Consultant - MB608062
Tel: 250-391-2933 | Cell: 250-883-7069
Toll-Free877-391-2933 | Fax: 250-391-2985
Abhimanyu Uppal
Licensed Mortgage Consultant - MB608062
Tel: 250-391-2933 | Cell: 250-883-7069
Toll-Free877-391-2933 | Fax: 250-391-2985
Great News for First Time Home Buyers when buying a New Built Home.
--You can now save up to $50,000 on purchase of newly built home.
--Bill C-4, the Making Life More Affordable for Canadians Act, today received Royal Assent.
--The Act eliminates Goods and Services Tax (GST) for first-time home buyers on new homes up to $1 million
-- And reduces Goods and Services Tax (GST) for first-time home buyers on new homes between $1 million and $1.5 million.
-- No rebate for new homes valued over $1.5 million.
--This tax cut will save Canadians up to $50,000—allowing more young people and families to enter the housing market and make the goal of home ownership a reality for more Canadians.
--The rebate will generally apply to agreements of purchase and sale entered into on or after March 20, 2025, and before 2031.
--With Royal Assent of the bill, the Canada Revenue Agency (CRA) will now be able to start processing rebate claims.
Whether you are first-time buyer or an experienced buyer with excellent credit, The Mortgage Centre has access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!
Learn MoreThrough training and certification, we have a good understanding of available products, features, and rates. We are here to keep your mortgage moving forward with our Mortgage Market technology, we have electronic access to various major lenders in Canada, so you’re not tied to one lender or one type of mortgage.
Learn MoreWe understand that mortgages can be confusing and intimidating. To help demystify the process, The Mortgage Centre provides a glossary and a variety of free calculators to assist you in researching, and planning your mortgage.
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